Whatever you do don't spray a coat over it, sure disaster.So to the owners of the flaking ML's, what are you going to do? Sell it? Have it refinished? Or play it until the point you probably need to get it refinished? I think if you love the way a guitar plays and feels, maybe the last option is best, but I don't know. I know someone mentioned or asked if you cut shoot a coat of finish on it to stop or slow down the flaking, but would that actually work?? If the paint hasn't adhered to the wood, would it still flake off with another coat of finish on top? I'm asking because I really don' know.
It would be out the door if it were mine. To many great guitars out there to keep a headache.
It you must keep it imo it would be off to Starr Guitars or Historic Makeovers.